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GMC Forum _ GEAR & PRODUCTION _ Insurance Question

Posted by: Xuestor Jan 20 2009, 04:14 PM

Hey!

First of all, I know this is a issue depending on what country you live in, so I would appreciate if anyone located in sweden could give feedback on this, but all opinions are welcome ofcourse:)

So, as my recent years as a player and collector of guitars, I have laid my hands on a few pretty expensive pieces of gear and guitars. I just wanted to know what covers in regular home-insurances, and what doesn't. Do I need a special "instrument-insurance"?

I know that my insurance company surely know this, but I thought I'd check with you guys first. I'm pretty sure that if I call them and ask if I need some extra insurance, they will not let that moment slip them outta their fingers, and they would tell me to get some unneccessary insurance with high fees.

Thanks!

Posted by: Toni Suominen Jan 20 2009, 04:15 PM

I don't think there is a special "instrument-insurance", atleast here in Finland. Better to get a second opinion on that though

Posted by: MickeM Jan 20 2009, 04:23 PM

this is what I belive. For normal gear the usual home insurance goes. Did you buy a collectors item with extreme value you should get a special insurance for that.
About the home insurance, it can be of either "value" (lösöre) or full value (fullvärde) and to not be limited by a set value (like the entire house + 200kSEK) you would go with fullvärde.

Fullvärde on the other hand means your gear will drop in value over time so if you lose a LP that you cought for 18k you will not get back what you gave but f.ex 12k after one year, 11k after two etc.
So to include a valuable 100 year old violine in the home insurance would possibly render it useless.

Some guesses from how I understand my home insurance.